As Swapalease marks two years in business in October, an

increasing number of consumers across the U.S. are discovering it is

possible to get out of their auto leases early without incurring large

financial penalties or hassle. Swapalease

(www.swaplease.com), is an online

marketplace dedicated to transferring auto leases.

"Swapalease has exceeded our expectations in just two years," said

Ron Joseph, Jr., CEO and co-founder of Swapalease. "Despite a volatile

economy, we have successfully transferred over $10,000,000 of vehicles

on Swapalease's online marketplace."

According to the company, the most recent market data shows that of the 17 million consumers

currently driving a leased vehicle, upwards of 15 percent of those lessees

want or need to get out of their auto lease early. Swapalease says it has seen consistent growth

over the past 24 months in both the number of consumers visiting the

site and the number of auto lease listings posted at the online

marketplace.

"We have over 5,000 vehicles currently listed on the site and

vehicle listings from every state -- and we still feel like we are

just getting warmed up," said Richard Joseph, president of Swapalease.

"There are currently 17 million people driving leased vehicles, and if

they want out of their lease early, we can help."

"The Swapalease concept is one that has been desperately needed by

auto leasing consumers for a long time, but just didn't exist before,"

said Al Hearn, president of LeaseGuide, Inc. "Beyond the obvious

benefits, it also provides peace of mind to people who are reluctant

to lease by creating a hassle-free way to exit their lease if they

ever need it."

"Leasing will always be an important part of the retail automobile

industry, and Swapalease will remain a powerful tool to those who

lease," said Norm Barron, General Counsel of the Greater Cincinnati

Automobile and Dealers Association (GCADA).

"Consumers' car needs are evolving constantly, and we think they

will enjoy the value and flexibility Swapalease can bring to their

auto leasing experience," said Ron Joseph. "Our growing customer base

is evidence of the fact that we are providing a powerful new service

to consumers when it comes to their automotive needs."

About Swapalease.com

Based in Cincinnati, Ohio, Swapalease.com is an online marketplace for transferring automobile leases.

Swapalease.com says it matches and enables transactions between lessees

wanting to get out of their leases prior to the maturity date with

consumers interested in taking over such leases. Established in October 2000, the company's management team

brings more than 50 years experience from the automotive industry. To

learn more about Swapalease.com, visit www.swapalease.com, or call

1-866 Swap-Now (1-866-792-7669).